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A
B C
D
E F
G
H I
J
K L
M
N
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P Q
R
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U
V W
X
Y Z
G
Gable
Gable roof
Gag rules
Gambrel roof
General contractor
General plan
Geodesic dome
Georgian style
Gift
Gingerbread decoration
Girders
Good-faith estimate
Government National Mortgage
Association
Grace period
Grade
Grade level
Graduated-payment mortgage (GPM)
Granny flat
Grantee
Grantor
Greek Revival style
Greenbelt
Gross income
Gross Income
Ground fault circuit interrupter
Ground rent
Group home
Growing-equity mortgage
Guarantee mortgage
Gutters
Gable
A triangular wall enclosed by the sloping ends of a ridged roof or a triangular
decorative feature.
Gable roof
A ridged roof that forms a triangle at each end.
Gag rules
A provision in contracts signed by new buyers that prohibits the owners from
publicizing complaints about the builder.
Gambrel roof
A roof with two slopes, often seen on barns.
General contractor
The person who hires all of the subcontractors and suppliers for a project.
General plan
A government's long-range land-use plan.
Geodesic dome
A structure constructed of lightweight bars forming a grid of polygons.
Georgian style
Popular throughout the 18th century, this type of architecture is distinguished
by a symmetrical facade, prominent front entrance and quoins-decorative blocks
of masonry or wood set in the corners of the house.
Gift
A cash gift a buyer receives from a relative or other source. Lenders usually
require a "gift letter" stating that the money will not have to be repaid.
Gingerbread decoration
An intricate, almost lacy, wood trim.
Girders
Crossbeams that support floor joists.
Good-faith estimate
An estimate from an institutional lender that shows the costs a borrower will
incur, including loan-processing charges and inspection fees.
Government National Mortgage Association
Commonly known as Ginnie Mae, this agency buys home loans from lenders, pools
them with other loans and sells shares to investors. Ginnie Mae differs from
its cousins, Fannie Mae and Freddie Mac, in that it only purchases loans backed
by the federal government.
Grace period
A specified amount of time to make a loan payment after its due date without
penalty.
Grade
The elevation of land above level ground.
Grade level
The flat or sloping surface upon which a house is built.
Graduated-payment mortgage (GPM)
A mortgage that requires a borrower to make larger monthly payments over the
term of the loan. The payment is unusually low for the first few years but
gradually rises until year three or five, then remains fixed.
Granny flat
Slang term for a separate unit in a house or above the garage, which in the
past may have been occupied by an elderly relative.
Grantee
A person conveyed an interest in a piece of property.
Grantor
The person who conveys an interest in a piece of property to another person.
Greek Revival style
A style introduced in the U.S. at the end of the 18th century. Its most
prominent feature is a pillar-anchored pediment forming a portico in the front
of the house.
Greenbelt
Any stretch of park, open space or other natural setting in a community.
Gross income
The total income of a household before taxes or expenses are subtracted.
Gross Income
Cash received from room rental. Can be calculated as follows: number of rooms x
ADR x 365 = Gross Income for 100% occupancy for one year. Now x % occupancy
will give average gross income for this property. You may have other income to
add to this figure, however, do not add restaurant income into this as it is
calculated differently
Ground fault circuit interrupter
Devices that detect leakage of electrical current to the ground and prevent
accidental shock.
Ground rent
The amount of money paid for the use of a piece of property when it is a
leasehold estate.
Group home
A single-family residence used as a living space for unrelated, developmentally
disabled or mentally disabled people.
Growing-equity mortgage
A fixed rate mortgage that increases payments over a specific period of time.
The extra funds are applied to the principal.
Guarantee mortgage
A loan guaranteed by a third party, such as a government institution.
Gutters
Horizontal channels installed at the edge of a roof to carry rainwater or
melted snow away from the house.
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